New Delhi, March 9 -- The Indian stock market suffered massive losses in early deals on Monday, March 9, due to a sharp selloff across sectors amid rising tensions in West Asia (Middle East), a steep rise in crude oil prices, and weak global cues.

The Sensex crashed nearly 2,200 points, or almost 3%, to an intraday low of 76,733, while the Nifty 50 sank near the 23,800 level, plunging 2.6%. The mid and small-cap indices on the BSE crashed more than 2% each during the session.

Investors lost Rs.12 lakh crore within minutes, as the overall market capitalisation of BSE-listed firms dropped to nearly Rs.438 lakh crore from Rs.450 lakh crore in the previous session.

Brent crude surged over 26% to $117.16 per barrel for the first time since ...